Auropharma - Game of Bottoms / Tops – Don't forget 615

05:25 Hrs 12th Aug 2018

Last Price@608.50

Auropharma playing the game of double bottoms -565 & double tops-636 - He is the master player and fortunate to have such a friend.
In the last update - Auropharma - WC 2018-Goal Keeper Hugo Lloris's Ruin Point- 595
17th July 2018

Trading Strategy
Scenario 1
How can you forget 615 - If Auro holds +/- 2-3 points upside or below 615 key level - we will look to sell for downside targets
Target 1 -605
Target 2 -599-600
Target 3 -595
Target 4 -Below 595 -look for 587-589

Scenario 2
Edwards & Magee Trendline - Bible Book of Technical Analysis -Technical Analysis of Stock Trends mentioned 2 points to draw the trendline ( 527 - 565) & third point to confirm the trendline ( 588) - Can this 3rd point fall on the trendline & hold auro - let us wait & watch
Holding in the zone 587-589 - Can bounce to 615 & Above 615 to 625 & Above 625 to 636

17th July 2018
Started from 565 – came back to 565 – moved in most choppiest way it could have –after all that is the reality of financial markets –no price structure moves in linear fashion & hence trading becomes difficult & challenging at times but if you keep it simple –it will say “ooh la la” to you.
Let the game begin!

565 -565 - Its double bottom - 19th July 2018

Bouncing hard from 565 to 585 - 20th July 2018

Kissing 600 - Important level - 25th July 2018

What a fall -600 to 577 - 26th July 2018

Story goes on......

Reached Double Top - 635-636 -6th Aug 2018

Previous Idea - Catch Bearish Butterfly Carefully 635-636

Previous Idea - How can you forget 615

Would love to hear your comments - Thanks for reading

Aug 13

Trade active: 14:11 Hrs 13th Aug 2018

Last Price@621

Current High@621.90

As updated below in comment section to our colleague - selling below 615 if sustains looks probable or we sell in 617-618 zone with mental stop loss above 621

As this is the last zone if at all Auro is to fall it has to sustain below 621 - if it sustains above 621 - we are out.

We keep eye on Nifty/ BankNifty as well if the bounce is done -likely a fall should start sooner or later.
Plan your trading properly & execute with proper care.

Thanks for reading & take care

Aug 13

Trade active: 15:02 Hrs 13th Aug 2018

Last Price@617

We start right at the top close to 621 as suggested some 3 hours ago

Aug 13

Trade active: 15:23 Hrs 13th Aug 2018

Last Price@620.60

See - How Auro plays beautifully between 615 & 621 - bounced hard from 615.50 -615 was support & came to 621.50.
Day High -621.90

Aug 14

Trade active: 10:31 Hrs 14th Aug 2018

Last Price@614

Big Red Candle in Green Market - is amazing Auro is falling & other's are jumping with joy.

What a fall from 620 to 612 levels.

Aug 14

Trade active: 12:31 Hrs 14th Aug 2018

Last Price@614

Moving & Holding above 615.50 - we are out of sell call as bulls can join intraday because 615 -616 level is strong level.

Till the time 615-616 zone is above price head - we can remain bearish.

Aug 14

Trade active: 13:55 Hrs 14th Aug 2018

Last price@619

It moves above 615-616 exactly to 621.50 & turns back again who is selling at 621.50 you----me -------------weeeeeeeeeeee -Awesome!

621.50 is the level where we sell - cheers!

Aug 14

Trade closed manually: 14:21 Hrs 14th Aug 2018

Last Price@621.70

Crossed above the juicing level -621.50

Bye & Happy Independence Day Once Again !